US inventory futures regular after S&P 500 hits report excessive on Trump’s AI push

Investing.com – U.S. inventory index futures held regular Wednesday night after the S&P 500 reached a report excessive, pushed by sturdy Netflix earnings and optimism surrounding Donald Trump’s AI funding plans.

S&P 500 Futures had been largely unchanged at 6,118.0 factors, whereas Nasdaq 100 Futures inched 0.1% decrease to 21,970.50 factors by 19:07 ET (00: GMT). Dow Jones Futures had been additionally regular at 44,354.0 factors.

S&P 500 hits report excessive with Netflix positive factors, Trump’s AI enhance

Netflix Inc (NASDAQ:NFLX) shares surged practically 10% on Wednesday after the corporate reported a record-breaking 19 million new subscriber additions within the fourth quarter of 2024, far surpassing Wall Avenue’s expectations.

Quarterly income rose to $9.5 billion, up 8% year-over-year, whereas internet revenue got here in at $915 million, reflecting a 12% progress.

Netflix additionally introduced plans to lift costs for many subscription tiers within the U.S., Canada, Portugal, and Argentina, citing elevated investments in programming.

AI shares had been additionally larger after President Trump unveiled a $500 billion three way partnership, named Stargate, involving OpenAI, Oracle Company (NYSE:ORCL), SoftBank Group Corp. (TYO:9984), Microsoft Company (NASDAQ:MSFT), NVIDIA Company (NASDAQ:NVDA), and different tech leaders.

The collaboration goals to assemble in depth AI information facilities and electrical energy technology services in Texas over the subsequent 4 years, considerably bolstering the nation’s AI capabilities.

Oracle shares closed practically 7% larger, whereas Microsoft jumped 4.1% and Nvidia climbed 4.4%.

Arm Holdings ADR (NASDAQ:ARM) shares surged 16%, whereas Amazon.com Inc (NASDAQ:AMZN) inventory rose 2%.

This led to the S&P 500 hitting a report excessive of 6,100.81 factors, however the index pared some positive factors later within the day to shut 0.6% larger at 6,086.28 factors. 

The NASDAQ Composite index rose 1.3% to  20,009.34 factors, whereas the Dow Jones Industrial Common edged 0.3% larger.

Markets cautious on Trump’s insurance policies; extra earnings on faucet

On January 20, Trump was inaugurated because the forty fifth President of the U.S., marking the beginning of a brand new administration that promised vital coverage modifications.

Instantly after taking workplace, President Trump started issuing a sequence of govt orders that underscored his marketing campaign pledges. 

Markets had been cautious in anticipation of latest tariffs beneath Trump’s administration. Trump averted imposing blanket tariffs on his first day.

On Wednesday, he stated he would impose 10% levies on China, and hit the European Union with tariffs.

For now, markets give attention to company earnings and anticipate elevated volatility with Trump’s coverage bulletins.

Quarterly earnings from Intuitive Surgical Inc (NASDAQ:ISRG), and GE Aerospace (NYSE:GE) had been due on Thursday. Outcomes from American Airways Group (NASDAQ:AAL) had been additionally on faucet.